Powernext

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Powernext
Type Physical commodity and derivates exchange (energy)
Location Paris, France
Founded 2001
Key people Pierre Bornard, Chairman of the Board
Currency EUR
Commodities power derivates
electric power
natural gas
Website www.powernext.com

Powernext is a regulated investment firm based in Paris and operating under the multilateral trading facility status. Powernext designs and operates electronic trading platforms for spot and derivatives markets in the European energy sector. Powernext plans to broaden its product offer to other areas, operated on its own or in partnership for other exchanges through service provision.

Powernext's capital is held by a group of twelve European transmission system operators in electricity and natural gas, and European energy utilities such as RTE, GRTgaz, EDF, GDF Suez, Total and others.

Powernext SA, incorporated in 2001, manages several energy markets: Powernext Gas Spot and Powernext Gas Futures were launched on November 26, 2008 in order to hedge volume and price risks for natural gas in France from intraday to the next three gas seasons.

EPEX Spot, based in Paris and owned equally by Powernext and by EEX, the German energy exchange, was launched on January 1, 2009 and facilitates the hourly balancing of physical power delivered the following day on the French, German/Austrian and Swiss hubs. In April 2009, Powernext contributed the French power derivatives to EEX Power Derivatives, a company dedicated to European power derivatives, based in Leipzig, against a 20% equity stake in this company.

Powernext Carbon, the spot EUA market, was sold to NYSE Euronext in December 2007.

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